Economic Progress and Declining Population Growth

By A. Hansen. 2010

494 citations recorded by the source corpus.

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Growth, Slowdowns, and Recoveries (2019, unknown): “Following the speech delivered by Larry Summers (Summers (2013)), some economists have become interested in the possibility of a “secular stagnation” similar to the one that characterized the aftermath of the Great Depression according to Hansen (1939).”
Demographics and Real Interest Rates: Inspecting the Mechanism (2016, background): “3 (1)See Nishimura (2011) for an excellent discussion of the connections between the demographic transition and the recent global financial crisis.”
A Third Wave in the Economics of Climate Change (2015, background): “This varies markedly from empirical observation over the last century, in which economic activity is subject to protracted and unanticipated recessions, long-run unemployment due to hysteresis (Blanchard and Summers 1987), “secular stagnations” (Hansen 1939) as well as misallocation of capital induc”
A Model of Secular Stagnation: Theory and Quantitative Evaluation (2019, methodology): “The determinacy of the secular stagnation steady state in our model stands in contrast to the indeterminacy of the deflation steady state analyzed in Schmitt-Grohé and Uribe (2013) and Benigno and Fornaro (2015).30 Indeterminacy of equilibrium has been one justification for disregarding the deflatio”